For economists, discrimination is difficult to rationalize because:
a. it is costly to those who discriminate.
b. the firms can actually reap greater profits by discriminating between their workers.
c. in a freely functioning labor market, there is no such thing as discrimination.
d. economists know that in the real world, personal prejudices do not exist.
e. wages will not be allowed to fall below their natural equilibrium rate.
a
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A policy of "beggar-thy-neighbor" is a policy that
A) often benefits the home country in the long run. B) often benefits the foreign country in the long run. C) often benefits foreign country in the short run. D) does not often benefits any country in the long run. E) benefits the home country's neighbors in the long run.
An employer asking for a list of references from a potential employee is an example of:
A. statistical discrimination. B. screening. C. building a reputation. D. signaling.